CryptoQuant said Bitcoin has not yet shown a “full capitulation” bottom, with several key onchain indicators still in a “bear phase” rather than the “extreme bear phase” typically seen at historic cycle lows. CryptoQuant noted that while Bitcoin’s Feb. 5 sell-off saw about $5.4 billion in realized losses in a single day, monthly cumulative realized losses remain well below levels observed at prior bear-market bottoms. It added that its “ultimate bear-market bottom” is currently around $55,000, and that bott ...

CryptoQuant: $4.5B in realized Bitcoin losses, a 3 year high. https://t.co/oItmCgKJAz ...

📊 BIG: $4.5B in realized losses hit Bitcoin, the highest level in three years, per CryptoQuant. https://t.co/8Og0Sn1vN2 ...